The controversy served a few days before the elections: decrees in the economic emergency
The Government issued decrees within the framework of the economic emergency that establish a corporate wealth tax and allow contracting without bidding, measures that have generated controversy just days before the legislative elections.
TL;DR
- Government decrees on economic emergency include a corporate wealth tax and contracting without bidding.
- The wealth tax applies to companies with over 10 billion pesos in assets, with specific rates for the mining-energy and financial sectors.
- Projected revenue from the tax is 8 trillion pesos, matching the estimated cost of the winter emergency.
- Critics argue the wealth tax is anti-investment and anti-growth, particularly affecting sectors like mining, manufacturing, and construction.
- The ability to contract without bidding is seen as a way to bypass electoral guarantees and favor the ruling party.
- A draft decree proposes moving 25 trillion pesos from private pension funds to Colpensiones, raising concerns about confiscating savings.